The forex market is a decentralized global market that operates 24 hours a day, five days a week. This means that it is open for trading from Monday to Friday, 24 hours a day, with the exception of weekends when most forex brokers are closed.
Since the forex market operates in different time zones, it is important to know the opening and closing times of each market to make informed trading decisions. These times are typically based on the local time zone of the financial center where the market is located.
The forex market is divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. Each session has its own opening and closing times, and they overlap at certain times during the day, providing traders with ample opportunities to trade.
In Hawaii, the local time is 10 hours behind Greenwich Mean Time (GMT-10). This means that the forex market in Hawaii opens at around 2:00 pm local time on Sunday and closes at around 8:00 pm on Friday.
During the week, the forex market in Hawaii follows the same trading schedule as the New York session, as it is located in the same time zone. This means that the market opens at 5:00 pm local time on Sunday and closes at 1:00 am on Friday.
It is important to note that the forex market closing time in Hawaii may differ from other parts of the world, depending on the time zone and daylight saving time. For example, during daylight saving time in the United States, the forex market in Hawaii may close one hour earlier than usual.
Overall, knowing the forex market closing times in Hawaii is important for traders who want to maximize their trading opportunities and avoid missing out on potential profits. By understanding the trading sessions and time zones, traders can plan their trades accordingly and stay informed about market movements.
